What I read today October 22, 2020
US Justice Dept going after Google. ($) Read the Stratechery piece for a good summary of the arguments for and against.
Bloomberg was supposedly in talks with Bill Ackman’s SPAC to take it public.
EU’s plan to get Brexit agreed is to let Boris claim he’s won. ($)
Interesting piece on retail post COVID. Best in class retailers, the Walmarts of the world have gained market share online and offline and are having a pretty good crisis.
How do you find 100-baggers, i.e. stocks that will go up 100x. They happen across industry but the 3 main components are 1) high returns on invested capital, 2) opportunities to reinvest that capital at those high rates and 3) time.
Central banks are increasingly focused on off-mission topics like climate change. Should they?